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IBKR and 9 peers, year by year

The 9 Financials companies closest to IBKR in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
IBKR Interactive Brokers	FY2025	$6.2B	+23.4%	-	-	15.9%	-	18.3%	-
IVZ Invesco	FY2025	$6.4B	+5.1%	-	−10.9%	−11.4%	22.6%	−5.9%	0.15
CME CME Group	FY2025	$6.5B	+6.4%	-	64.9%	62.5%	64.3%	14.2%	0.00
BRO Brown & Brown	FY2025	$5.9B	+22.8%	-	-	17.9%	23.4%	8.4%	0.61
RF Regions Financial Corporation	FY2025	$7.5B	+6.3%	-	0.7%	28.6%	-	11.3%	0.26
TROW T. Rowe Price	FY2025	$7.3B	+3.1%	-	29.9%	28.5%	20.2%	19.2%	-
GL Globe Life	FY2025	$6.0B	+3.7%	-	-	19.4%	20.9%	19.4%	0.44
KEY KeyCorp	FY2025	$7.5B	+6.5%	-	-	24.3%	28.0%	9.0%	0.49
MCO Moody's Corporation	FY2025	$7.7B	+8.9%	-	43.4%	31.9%	33.4%	60.7%	1.73
NTRS Northern Trust	FY2025	$8.1B	+6.1%	-	-	21.5%	67.5%	13.4%	-

Revenuepeer median $7.3B

Sales growthpeer median +6.3%

Operating marginpeer median 29.9%

CME 64.9%
MCO 43.4%
TROW 29.9%
RF 0.7%
IVZ −10.9%
IBKR -
BRO -
GL -
KEY -
NTRS -

Net marginpeer median 24.3%

FCF marginpeer median 25.7%

Return on equitypeer median 13.4%

Debt / equitypeer median 0.44

MCO 1.73
BRO 0.61
KEY 0.49
GL 0.44
RF 0.26
IVZ 0.15
CME 0.00
IBKR -
TROW -
NTRS -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2015 to FY2025

Revenue as reported in the 10-K.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	$2.4B	$2.6B	$2.2B	$2.7B	$3.1B	$4.3B	$5.2B	$6.2B
IVZ Dec	$5.1B	$4.7B	$5.2B	$6.9B	$6.0B	$5.7B	$6.1B	$6.4B
CME Dec	$3.3B	$3.6B	$3.6B	$4.7B	$5.0B	$5.6B	$6.1B	$6.5B
BRO Dec	$1.7B	$1.8B	$1.9B	$3.1B	$3.6B	$4.3B	$4.8B	$5.9B
RF Dec	$5.4B	$5.4B	$5.5B	$6.4B	$7.2B	$7.6B	$7.1B	$7.5B
TROW Dec	$4.2B	$4.3B	$4.9B	$7.7B	$6.5B	$6.5B	$7.1B	$7.3B
GL Dec	$3.8B	$3.9B	$4.2B	$5.1B	$5.2B	$5.4B	$5.8B	$6.0B
KEY Dec	$4.3B	$5.0B	$6.3B	$7.3B	$7.3B	$6.4B	$4.6B	$7.5B
MCO Dec	$3.5B	$3.6B	$4.2B	$6.2B	$5.5B	$5.9B	$7.1B	$7.7B
NTRS Dec	$4.7B	$5.0B	$5.4B	$6.5B	$6.8B	$6.8B	$8.3B	$8.1B
Peer median	$4.2B	$4.3B	$4.9B	$6.4B	$6.0B	$5.9B	$6.1B	$7.3B

Sales growth, FY2015 to FY2025

Revenue against the fiscal year before.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	+22.8%	−8.4%	+51.9%	+21.8%	−4.0%	+3.4%	+27.0%	+23.4%
IVZ Dec	-	−7.6%	+9.0%	+12.2%	−12.3%	−5.5%	+6.1%	+5.1%
CME Dec	-	+8.1%	+1.4%	−4.0%	+7.0%	+11.1%	+9.9%	+6.4%
BRO Dec	-	+6.4%	+6.5%	+16.8%	+17.1%	+19.1%	+12.9%	+22.8%
RF Dec	-	+0.6%	+3.4%	+23.8%	+12.1%	+5.0%	−6.5%	+6.3%
TROW Dec	-	+2.0%	+13.3%	+23.6%	−15.4%	−0.4%	+9.8%	+3.1%
GL Dec	-	+4.5%	+5.6%	+7.9%	+2.2%	+4.2%	+6.1%	+3.7%
KEY Dec	-	+18.0%	+25.6%	+8.6%	−0.3%	−10.0%	+14.5%	+6.5%
MCO Dec	-	+3.4%	+16.6%	+15.8%	−12.1%	+8.2%	+19.8%	+8.9%
NTRS Dec	-	+5.5%	+8.3%	+9.2%	+1.6%	−1.6%	+8.4%	+6.1%
Peer median	-	+4.5%	+8.3%	+12.2%	+1.6%	+4.2%	+9.8%	+6.3%

Gross margin, FY2015 to FY2025

Gross profit / revenue.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	-	-	-	-	-	-	-	-
IVZ Dec	-	-	-	-	-	-	-	-
CME Dec	-	-	-	-	-	-	-	-
BRO Dec	-	-	-	-	-	-	-	-
RF Dec	-	-	-	-	-	-	-	-
TROW Dec	-	-	-	-	-	-	-	-
GL Dec	20.6%	19.9%	19.4%	23.8%	22.6%	23.1%	-	-
KEY Dec	-	-	-	-	-	-	-	-
MCO Dec	-	-	-	-	-	-	-	-
NTRS Dec	-	-	-	-	-	-	-	-
Peer median	-	-	-	-	-	-	-	-

Operating margin, FY2015 to FY2025

Operating income / revenue.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	-	-	-	-	-	-	-	-
IVZ Dec	26.5%	24.3%	24.8%	25.9%	21.8%	−7.6%	13.7%	−10.9%
CME Dec	59.8%	61.2%	63.4%	56.4%	60.1%	61.6%	64.1%	64.9%
BRO Dec	-	-	-	-	-	-	-	-
RF Dec	-	-	-	0.7%	0.8%	2.8%	1.3%	0.7%
TROW Dec	45.2%	40.5%	43.4%	48.4%	36.6%	30.7%	32.9%	29.9%
GL Dec	20.6%	20.0%	19.8%	24.0%	22.7%	23.2%	-	-
KEY Dec	-	-	-	-	-	-	-	-
MCO Dec	42.3%	18.1%	43.3%	45.7%	34.4%	36.1%	40.6%	43.4%
NTRS Dec	-	-	-	-	-	-	-	-
Peer median	42.3%	24.3%	43.3%	35.8%	28.6%	27.0%	32.9%	29.9%

Net margin, FY2015 to FY2025

Net income / revenue.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	7.1%	6.2%	8.8%	11.3%	12.4%	13.8%	14.6%	15.9%
IVZ Dec	18.9%	18.0%	21.8%	20.2%	11.3%	−5.8%	8.9%	−11.4%
CME Dec	37.5%	42.7%	111.5%	56.2%	53.6%	57.8%	57.5%	62.5%
BRO Dec	14.7%	14.6%	21.2%	19.2%	18.8%	20.5%	20.7%	17.9%
RF Dec	19.7%	21.5%	23.0%	39.2%	31.1%	27.4%	26.7%	28.6%
TROW Dec	29.1%	28.4%	30.9%	40.2%	24.0%	27.7%	29.6%	28.5%
GL Dec	14.0%	14.0%	35.0%	20.2%	17.1%	17.8%	18.5%	19.4%
KEY Dec	21.5%	15.7%	20.5%	36.0%	26.4%	15.1%	−3.5%	24.3%
MCO Dec	27.0%	7.4%	23.8%	35.6%	25.1%	27.2%	29.0%	31.9%
NTRS Dec	20.7%	20.8%	22.3%	23.9%	19.8%	16.3%	24.5%	21.5%
Peer median	20.7%	18.0%	23.0%	35.6%	24.0%	20.5%	24.5%	24.3%

Free cash flow, FY2015 to FY2025

Cash from operations minus capital spending.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	-	-	-	-	-	-	-	-
IVZ Dec	$1.0B	$506.3M	$1.0B	$969.3M	$510.3M	$1.1B	$1.1B	$1.4B
CME Dec	$1.4B	$1.6B	$1.7B	$2.3B	$3.0B	$3.4B	$3.6B	$4.2B
BRO Dec	$363.5M	$393.3M	$417.8M	$763.8M	$829.0M	$941.0M	$1.1B	$1.4B
RF Dec	-	-	-	-	-	-	-	-
TROW Dec	$1.4B	$22.2M	$43.4M	$3.2B	$2.1B	$911.2M	$1.3B	$1.5B
GL Dec	$1.1B	$1.4B	$1.4B	$1.4B	$1.4B	$1.4B	$1.3B	$1.3B
KEY Dec	$1.1B	$1.5B	$1.7B	$1.1B	$4.4B	$2.8B	$599.0M	$2.1B
MCO Dec	$1.1B	$1.1B	$664.0M	$1.9B	$1.2B	$1.9B	$2.5B	$2.6B
NTRS Dec	$1.7B	$1.4B	$1.6B	$1.3B	$2.3B	$2.5B	−$587.5M	$5.5B
Peer median	$1.1B	$1.3B	$1.2B	$1.3B	$1.8B	$1.7B	$1.2B	$1.8B

FCF margin, FY2015 to FY2025

Free cash flow / revenue.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	-	-	-	-	-	-	-	-
IVZ Dec	19.6%	10.7%	20.3%	14.1%	8.4%	19.9%	18.5%	22.6%
CME Dec	42.6%	45.6%	45.8%	48.5%	59.1%	60.5%	58.7%	64.3%
BRO Dec	21.9%	22.3%	22.2%	25.0%	23.2%	22.1%	22.7%	23.4%
RF Dec	-	-	-	-	-	-	-	-
TROW Dec	32.8%	0.5%	0.9%	41.9%	32.7%	14.1%	17.8%	20.2%
GL Dec	28.8%	34.9%	33.9%	27.4%	26.7%	26.3%	23.0%	20.9%
KEY Dec	24.8%	30.7%	27.0%	14.9%	60.1%	43.1%	13.0%	28.0%
MCO Dec	31.8%	31.7%	15.8%	30.0%	21.8%	31.8%	35.6%	33.4%
NTRS Dec	36.9%	28.2%	30.3%	19.5%	33.5%	37.0%	−7.1%	67.5%
Peer median	30.3%	29.5%	24.6%	26.2%	29.7%	29.0%	20.6%	25.7%

Return on equity, FY2015 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	13.2%	11.1%	10.0%	12.9%	13.3%	16.7%	17.6%	18.3%
IVZ Dec	12.3%	11.4%	13.0%	9.0%	4.5%	−2.3%	3.7%	−5.9%
CME Dec	6.1%	7.5%	18.1%	9.6%	10.0%	12.1%	13.3%	14.2%
BRO Dec	11.3%	10.9%	15.5%	14.0%	14.6%	15.6%	15.4%	8.4%
RF Dec	6.3%	7.0%	7.8%	13.8%	14.1%	11.9%	10.6%	11.3%
TROW Dec	25.7%	24.3%	25.7%	34.2%	17.6%	18.8%	20.3%	19.2%
GL Dec	13.0%	12.0%	23.3%	51.5%	22.6%	21.6%	20.2%	19.4%
KEY Dec	8.5%	5.2%	8.6%	15.1%	14.2%	6.6%	−0.9%	9.0%
MCO Dec	n/m	n/m	n/m	81.2%	54.5%	48.4%	57.7%	60.7%
NTRS Dec	11.2%	10.6%	11.7%	12.9%	11.9%	9.3%	15.9%	13.4%
Peer median	11.3%	10.7%	14.2%	14.0%	14.2%	12.1%	15.4%	13.4%

Debt / equity, FY2015 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	0.01	0.01	-	-	-	-	-	-
IVZ Dec	0.26	0.28	0.24	0.13	0.10	0.10	0.06	0.15
CME Dec	-	-	0.00	0.03	0.00	0.00	0.03	0.00
BRO Dec	0.54	0.45	0.38	0.48	0.86	0.68	0.59	0.61
RF Dec	0.50	0.47	0.53	0.13	0.14	0.13	0.36	0.26
TROW Dec	-	-	-	-	-	-	-	-
GL Dec	0.30	0.31	0.24	1.09	0.57	0.47	0.52	0.44
KEY Dec	0.95	0.81	0.95	0.69	1.44	1.34	0.67	0.49
MCO Dec	n/m	n/m	n/m	2.72	2.93	2.11	2.08	1.73
NTRS Dec	-	-	-	-	-	-	-	-
Peer median	0.50	0.45	0.31	0.48	0.57	0.47	0.52	0.44

EPS (diluted), FY2015 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2015	FY2016	FY2017	FY2021	FY2022	FY2023	FY2024	FY2025
IBKR Dec	$0.57	$0.53	$0.60	$0.81	$0.94	$1.42	$1.73	$2.22
IVZ Dec	$2.26	$2.06	$2.75	$2.99	$1.49	−$0.73	$1.18	−$1.60
CME Dec	$3.69	$4.53	$11.94	$7.29	$7.40	$8.86	$9.67	$11.16
BRO Dec	$0.85	$0.91	$1.40	$2.07	$2.37	$3.05	$3.46	$3.16
RF Dec	$0.75	$0.87	$1.00	$2.49	$2.28	$2.11	$1.93	$2.30
TROW Dec	$4.63	$4.75	$5.97	$13.12	$6.70	$7.76	$9.15	$9.24
GL Dec	$4.16	$4.49	$12.22	$9.99	$9.04	$10.07	$11.94	$14.07
KEY Dec	$1.05	$0.80	$1.13	$2.63	$1.93	$0.88	−$0.32	$1.52
MCO Dec	$4.63	$1.36	$5.15	$11.78	$7.44	$8.73	$11.26	$13.67
NTRS Dec	$3.99	$4.32	$4.92	$7.14	$6.14	$5.08	$9.77	$8.74
Peer median	$3.69	$2.06	$4.92	$7.14	$6.14	$5.08	$9.15	$8.74

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out IBKR and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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Work on IBKR in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/IBKR/export.csv") into a cell.